A weak ringgit is not necessarily a bad thing, as the weak currency by theory will make Malaysia more competitive and encourage exports.
KUALA LUMPUR: Bank Negara’s move not to peg the ringgit despite the Malaysian currency’s present weakness is bold and pragmatic, given the well-capitalised banking system.
A weak ringgit is not necessarily a bad thing, as the weak currency by theory will make Malaysia more competitive and encourage exports.
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